Healy (HayLee) Baumgardner
35.1K posts
@healybaum
🦅 9/11 White House (Exec Office of the POTUS) Press Ops Hard Pin 🇺🇸 43 Energy Spox 🔥 Trump 15/16 OG Senior Advisor ⚔️ PR National+Global Brands
This is super cool! >>Platts periodic table of oil...it is interactive! Click on the cells in the link to find out more about each one spglobal.com/platts/plattsc…
Reports US Will Not Implement Crude Export Ban - POLITICO
Holy hell! 😭☠️
🚨BREAKING: Qatar just declared force majeure on LNG contracts to Italy, Belgium, South Korea, and China. For up to 5 years. Here's what the CEO just told In an exclusive interview with Reuters, Qatar's Energy Minister and CEO of QatarEnergy just confirmed the damage from Iran's attack on Ras Laffan. It's worse than anyone thought. → 2 out of 14 LNG trains damaged → 1 of 2 gas-to-liquids (GTL) facilities damaged → 12.8 million tonnes per year of LNG offline for 3-5 years → 17% of Qatar's total LNG export capacity gone → $20 billion annual revenue loss → $26 billion in damaged facilities (the CEO said they "should not be attacked") QatarEnergy may declare force majeure on long term LNG supply contracts to: → Italy → Belgium → South Korea → China For up to 5 years. Additional exports declining: → Condensates: Down 24% → LPG: Down 13% → Naphtha: Down 6% → Sulphur: Down 6% → Helium: Down 14% The damaged trains: → Train S4 and S6: 30% owned by ExxonMobil, rest by QatarEnergy Production cannot restart until hostilities cease. What this means? 12.8 million tonnes per year = 17% of Qatar's LNG capacity. 17% of its capacity just disappeared for 3-5 years. Italy, Belgium, South Korea, China: These countries had long-term contracts with Qatar. Force majeure means those contracts are suspended. They now have to compete in spot markets for replacement cargoes. Against each other. And against every other buyer scrambling for LNG. $20 billion per year in lost revenue for Qatar. $26 billion in facilities damaged. The only country with capacity to absorb Qatari volumes at scale is the United States. I wrote a full breakdown on how this shift benefits US LNG producers and which stocks are positioned to win from Qatar's structural supply loss👇 open.substack.com/pub/themerchan… #Iran #Qatar #LNG
This Playbook story is embarrassing. James Danly earned a Bronze Star and a Purple Heart in Iraq, and he has forgotten more about energy policy than these pipsqueak anonymous staffers will ever know. I wish I could work like this. I stand with the Dep Sec! Let him cook!
.@SecretaryBurgum lays out steps being taken to tame and lower oil prices during the short-term Iran operation, such as the largest-ever SPR release, temporary Jones Act waiver, and more: "Whether it's temporary actions that President Trump’s leadership is driving, or whether it's this long-term foundation of prosperity and true security, the U.S. and the long-term economy's never been better positioned than it is right now."
ZeroHedge: The market is largely pricing in a US oil export ban: Brent less WTI spread is the widest in decades (ex the negative WTI print). Export ban would landlock US oil, sending it sharply lower while sending Brent soaring
A 1975 Big Wheel commercial.
